By Sarah Lizee
Olympia, Wash., Dec. 10 – Wells Fargo Finance LLC priced $1.29 million of 0% market-linked securities with upside participation and fixed percentage buffered downside due Dec. 1, 2025 linked to the Dow Jones industrial average, according to a 424B2 filing with the Securities and Exchange Commission.
The notes are guaranteed by Wells Fargo & Co.
The payout at maturity will be par plus any gain in the index.
If the index falls by up to 26%, the payout will be par.
Otherwise, investors will lose 1% for every 1% decline of the index beyond 26%.
Wells Fargo Securities, LLC is the agent.
Issuer: | Wells Fargo Finance LLC
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Guarantor: | Wells Fargo & Co.
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Issue: | Market-linked securities – upside participation and fixed percentage buffered downside
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Underlying index: | Dow Jones industrial average
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Amount: | $1,287,000
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Maturity: | Dec. 1, 2025
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Coupon: | 0%
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Price: | Par
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Payout at maturity: | Par plus any gain in index; if index falls by up to 26%, par; otherwise, 1% loss for every 1% decline of index beyond 26%
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Initial level: | 28,066.47
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Threshold level: | 20,769.1878, 74% of initial level
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Pricing date: | Nov. 25
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Settlement date: | Nov. 29
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Agent: | Wells Fargo Securities LLC
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Fees: | 4.25%
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Cusip: | 95001HCB5
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